LFC is building a tight base nicely It may break out again.
RHAT continues to its move and it’s at the edge of breaking out. I have almost completed my scaling out. I left some money on the table as I underestimated the strength of current move, but I had to lock in some profits when it’s more than 100%! I still hold a few calls on Dec 12.5 (deep ITM) and Dec 15 (ITM).
QQQQ (its ticker was changed after moving to NASDAQ from AMEX) is at its 3-year high (the comment in the chart was wrong after looking it more carefully) right now although it has not made much move during these four long years! Looking back at those dot com booming years, there is still a long way to go back to its old glory. I should’ve not sold my QQQQ Dec 39 calls though. I’m always nervious when it’s at peak and worried about it’s topping. To work around it, I choose to scale in/out in multiple lots.
Tag Archives: Long
MSFT Straddle
Opened a straddle position on MSFT. Long MSFT Dec 30 @0.65 and MSFT Dec 30 Put @0.7 for a debt of 1.35.
MSFT Straddle
Opened a straddle position on MSFT. Long MSFT Dec 30 @0.65 and MSFT Dec 30 Put @0.7 for a debt of 1.35.
LFC and SUNW
LFC continues to move up since it broke out from base building between 24 and 27. The volume has picked up. It looks like we are heading towards 30 soon. I have sold Dec, Jan and Apr 30 Calls. They may get called away this time.
SUNW experienced a sudden drop today. It may pull back to 4.5 after steady run-up. I would add some more in my long term account between 4.25 and 4.5.
SUNW
SUNW is approaching its major resistence once again. The volume is decent, maybe this time it can break out from 4.5. However, I’m selling into this rally. Sold covered calls on my long term position.